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Ashton Kutcher Is Backing A Startup Building Jewellery With Artificial Intelligence

September 29, 2024
x min read
Ashton Kutcher Is Backing A Startup Building Jewellery With Artificial Intelligence

Artificial intelligence can now make custom designed jewellery. And some of the biggest venture capitalists in Silicon Valley are betting on it.

What’s happening:

  • Generative artificial intelligence marketplace Arcade AI has raised $17M USD in venture capital funding
  • The financing round was led co-led by Reid Hoffman and Ashton Kutcher, with notable participation from other angel investors including Elad Gill, Colin Kaepernick and Karlie Kloss

The big idea:

  • Arcade AI allows users to leverage artificial intelligence technology to easily design new products through simple prompts and suggestions
  • Arcade AI has initially launched their product creation marketplace with a focus on jewellery, with plans to roll out other types of product design capabilities soon
  • Once a user has selected a design they want, Arcade AI leverages a network of independent designers and jewellers to actually manufacture it

Why it matters:

Going deeper:

  • Arcade AI is also allowing users who have designed a piece of jewellery to allow others to buy their product concept, offering a small revenue share on any future purchases of the item

The intrigue:

  • While Ashton Kutcher is well known for his successful career as an actor and producer in Hollywood, he has been a highly successful venture capitalist and early angel investor into technology companies such as Uber (NASDAQ: UBER) and Airbnb (NASDAQ: ABNB)

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